![]() ![]() Federal Pandemic Unemployment Compensation (“FPUC”) – This program, also known as the “federal bump,” provides individuals that are eligible to receive state benefits to receive a supplemental $300 weekly benefit amount (funded by the federal government) in addition to the weekly benefit amount provided by the State.PEUC thereby permits individuals to receive benefits for a longer period of time due to the COVID-19 pandemic. Pandemic Emergency Unemployment Compensation (“PEUC”) – This program has increased the number of weeks of unemployment benefits that individuals who are normally eligible for benefits can receive. ![]() Pandemic Unemployment Assistance (“PUA”) – This program provides targeted protections to gig workers and self-employed individuals who are not typically eligible to receive unemployment benefits.The Plan would extend four (4) COVID-19 related unemployment benefit programs through September 6, 2021: Individuals already receiving benefits will generally be permitted to continue receiving benefits for up to an additional 25 weeks. The Plan allocates an additional $300 billion in unemployment benefits through September 6, 2021. This article provides a summary of the unemployment insurance provisions contained in the Plan. Once in effect, the Plan will provide many Americans with another round of stimulus checks, extend enhanced unemployment benefits, increase or otherwise modify certain tax credits, and significantly expand health care subsidies such as COBRA, among providing other relief. Both chambers of Congress have signed off on the legislation, and President Biden is expected to sign it by Friday, March 12, 2021. On March 10, 2021, the House of Representatives passed the $1.9 trillion COVID-19 relief bill, the American Rescue Plan (the “Plan”). ![]()
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